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LoginOil Prices Rise 3 Percent at Settlement
New York, July 07 (QNA) - Oil prices rose 3 percent at settlement on Tuesday after the United States revoked a general license that had allowed the sale of Iranian crude, reviving concerns over potential disruptions to oil tanker traffic as well, following reports of attacks on tankers near the Strait of Hormuz.
Brent crude futures rose $2.17, or 3.01 percent, to settle at $74.16 a barrel.
US West Texas Intermediate (WTI) crude gained $1.89, or 2.76 percent, to $70.44 a barrel.
In post-settlement trading, the global benchmark crude rose $1.87 to $76.03, while WTI jumped $1.76 to $72.20. (QNA)
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